Nonprofit · EIN 57-0199889
LITTLE RIVER ELECTRIC COOPERATIVE INC
Tax-exempt · ABBEVILLE, SC 29620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $39,237,867 | $39,012,429 | $225,438 | $87,262,927 | $54,940,193 | $32,322,734 |
| December 31, 2024 | 990 | $34,226,448 | $33,911,716 | $314,732 | $80,487,337 | $51,161,705 | $29,325,632 |
| December 31, 2023 | 990 | $31,636,479 | $31,446,880 | $189,599 | $73,327,127 | $46,752,222 | $26,574,905 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $39,037,066
- Investment income
- $200,801
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $4,583,681
- Compensation of officers, directors and key employees
- $498,687
- Salaries, compensation and benefits (total)
- $498,687
- Professional fundraising fees
- $0
- Depreciation
- $2,332,240
Balance sheet and other
- Total assets, start of year
- $80,487,337
- Total assets, end of year
- $87,262,927
- Total liabilities, end of year
- $54,940,193
- Net assets, end of year
- $32,322,734
- Land, buildings and equipment
- $65,566,520
- Gross receipts
- $39,237,867
- Employees
- 35
- Year formed
- 1940
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD STONE | CEO Officer | 50 | $313,060 | $74,927 |
| TECIE NEW | VP OF FIN. & Highest-paid employee | 50 | $147,083 | $48,980 |
| STEVEN HUGHES | VP OF OPERAT Highest-paid employee | 50 | $146,861 | $47,416 |
| MICHAEL HALL | VP OF ENG. S Highest-paid employee | 50 | $136,629 | $42,286 |
| BRET TIMMERMAN | ROW & LINE I Highest-paid employee | 50 | $123,101 | $51,474 |
| STEPHEN BUSBEE | OPERATION SE Highest-paid employee | 50 | $122,068 | $46,954 |
| SANDY CAMPBELL | TRUSTEE Trustee or director | 8.62 | $23,400 | $0 |
| TRAVIS BURRISS | PRESIDENT Trustee or director, Officer | 11.85 | $20,250 | $0 |
| TERRY RICKETTS | VICE PRESIDE Trustee or director, Officer | 11.31 | $19,800 | $0 |
| WAYNE ERWIN | TRUSTEE Trustee or director | 10.19 | $16,650 | $0 |
| PATSY WILSON | SECRETARY/TR Trustee or director, Officer | 11.54 | $16,200 | $0 |
| MIKE PRICE | TRUSTEE Trustee or director | 2.31 | $6,750 | $0 |
| MICHAEL JOHNSON | TRUSTEE: JAN Trustee or director | 1.38 | $4,050 | $0 |
| JESSIE HAMMONDS | TRUSTEE: SEP Trustee or director | 0.62 | $3,600 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF LEWIS | GM/CEO THRU Officer | 50 | $227,609 | $81,140 |
| CHAD STONE | GM/CEO EFF 1 Officer | 50 | $159,208 | $49,822 |
| BRET TIMMERMAN | DISTR. SYS. Highest-paid employee | 50 | $135,204 | $48,768 |
| MICHAEL HALL | ENGINEER SER Highest-paid employee | 50 | $141,042 | $38,253 |
| STEPHEN BUSBEE | OPERATION SE Highest-paid employee | 50 | $133,259 | $44,839 |
| TECIE NEW | MGR. OF FINA Highest-paid employee | 50 | $134,510 | $43,436 |
| DUSTIN LAUGHLIN | DIST. SYS. F Highest-paid employee | 50 | $130,950 | $42,518 |
| TERRY RICKETTS | VICE PRESIDE Trustee or director, Officer | 13.38 | $21,150 | $0 |
| PATSY WILSON | SECRETARY/TR Trustee or director, Officer | 11.85 | $18,000 | $0 |
| WAYNE ERWIN | TRUSTEE Trustee or director | 8.77 | $18,000 | $0 |
| TRAVIS BURRISS | PRESIDENT Trustee or director, Officer | 12 | $15,300 | $0 |
| RN PARKER | TRUSTEE Trustee or director | 4.31 | $13,950 | $0 |
| MICHAEL JOHNSON | TRUSTEE Trustee or director | 5.85 | $9,900 | $0 |
| MIKE PRICE | TRUSTEE Trustee or director | 2.81 | $9,450 | $0 |
| SANDY CAMPBELL | TRUSTEE Trustee or director | 2.62 | $6,300 | $0 |
| WAYNE GARY | TRUSTEE Trustee or director | – | $3,600 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF LEWIS | GM/CEO Officer | 40 | $247,385 | $120,077 |
| STEPHEN BUSBEE | OPERATION SE Highest-paid employee | 40 | $128,028 | $63,319 |
| CHAD STONE | LINE OPERATI Highest-paid employee | 40 | $120,443 | $64,359 |
| BRET TIMMERMAN | DISTR. SYS. Highest-paid employee | 40 | $117,864 | $60,051 |
| DUSTIN LAUGHLIN | DIST. SYS. F Highest-paid employee | 40 | $112,166 | $59,590 |
| MICHAEL HALL | ENGINEER SER Highest-paid employee | 40 | $117,391 | $53,885 |
| MICHAEL JOHNSON | TRUSTEE Trustee or director | 6 | $24,750 | $0 |
| TERRY RICKETTS | VICE PRESIDE Trustee or director, Officer | 12 | $18,450 | $0 |
| WAYNE ERWIN | TRUSTEE Trustee or director | 12 | $16,650 | $0 |
| TRAVIS BURRISS | PRESIDENT (J Trustee or director, Officer | 9 | $14,400 | $0 |
| RN PARKER | TRUSTEE Trustee or director | 14 | $13,950 | $0 |
| PATSY WILSON | SECRETARY/TR Trustee or director, Officer | 8 | $13,050 | $0 |
| WAYNE GARY | TRUSTEE Trustee or director | 8 | $11,250 | $0 |
| WF DAVIS | TRUSTEE (JAN Trustee or director | 16 | $10,350 | $0 |
| MIKE PRICE | TRUSTEE Trustee or director | 1 | $1,800 | $0 |
Address and contacts
- Address (IRS master file)
- 300 CAMBRIDGE ST, ABBEVILLE, SC 29620-1816
- Principal officer (990 for 2025)
- CHAD STONE, PO BOX 220, ABBEVILLE, SC 29620
- Signed the 990
- CHAD STONE, CEO
- Phone
- (864) 366-2141
- Website
- HTTP://WWW.LRECI.COOP/
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
Program accomplishments
- TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
- N/A
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0199889
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $87,262,927
- Income (IRS master file)
- $39,237,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $39,237,867 | $39,012,429 | $87,262,927 | XML |
| 990 | December 2024 | $34,226,448 | $33,911,716 | $80,487,337 | XML |
| 990 | December 2023 | $31,636,479 | $31,446,880 | $73,327,127 | XML |
| 990 | December 2022 | $31,592,526 | $31,498,857 | $75,142,433 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0199889).
Questions about LITTLE RIVER ELECTRIC COOPERATIVE INC
- What is the EIN of LITTLE RIVER ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of LITTLE RIVER ELECTRIC COOPERATIVE INC is 57-0199889.
- Is LITTLE RIVER ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to LITTLE RIVER ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LITTLE RIVER ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LITTLE RIVER ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LITTLE RIVER ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LITTLE RIVER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names CHAD STONE.
- Who are the officers and directors of LITTLE RIVER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 14 people; 14 received compensation from the organization, the highest $313,060 (CHAD STONE, CEO).
- How much revenue does LITTLE RIVER ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $39,237,867, expenses of $39,012,429 and total assets of $87,262,927 at year end.
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